Bitcoin Forum
May 10, 2024, 01:10:37 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Pool Payouts Transaction Fee?  (Read 1867 times)
phelix (OP)
Legendary
*
Offline Offline

Activity: 1708
Merit: 1020



View Profile
June 05, 2011, 07:37:07 AM
 #1

Every now and then I read that pools set the payout minimum to one BTC or so to prevent high transaction fees.

Do pools currently set transaction fees for payouts?

I do not set a transaction fee for my transfers yet and it works fine.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
TheSeven
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


FPGA Mining LLC


View Profile WWW
June 05, 2011, 09:30:14 AM
 #2

IIUC if pools would pay out by adding a generated transaction to the next block that they find, they should always be able to avoid any transaction fees, but there could of course be quite some delay until the payout happens. How are pools currently doing this?

My tip jar: 13kwqR7B4WcSAJCYJH1eXQcxG5vVUwKAqY
error
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
June 05, 2011, 09:32:02 AM
 #3

IIUC if pools would pay out by adding a generated transaction to the next block that they find, they should always be able to avoid any transaction fees, but there could of course be quite some delay until the payout happens. How are pools currently doing this?

Scheduled payouts just get included in the pool's next block.

3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
BombaUcigasa
Legendary
*
Offline Offline

Activity: 1442
Merit: 1000



View Profile
June 05, 2011, 12:45:14 PM
 #4

IIUC if pools would pay out by adding a generated transaction to the next block that they find, they should always be able to avoid any transaction fees, but there could of course be quite some delay until the payout happens. How are pools currently doing this?

Scheduled payouts just get included in the pool's next block.
So the pool operators collect the taxes on the payments they make themselves?
Sukrim
Legendary
*
Offline Offline

Activity: 2618
Merit: 1006


View Profile
June 05, 2011, 12:47:57 PM
 #5

They can include as many free transactions in their own blocks as they want to... Wink

Many pools also offer a "instant payout" button, these are probably covered by the pool fee/donations/transaction fees kept.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
phelix (OP)
Legendary
*
Offline Offline

Activity: 1708
Merit: 1020



View Profile
June 05, 2011, 06:26:43 PM
 #6

+1 for everyone =)

of course they can just include it in their own blocks...
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!